Experimental and Behavioural Economics

Module Lead: Amalia Di Girolamo

Credits: 10

Introduction and module objectives:

This module will introduce students to the methodology of experimental research in economics. Students will read some of the seminal experimental economics papers and will be exposed to some currently active areas of research in behavioural and experimental economics. An effort will be made to concentrate on a series of experiments, in order to see how experiments build on one another and allow researchers with different theoretical dispositions to narrow the range of potential disagreement. The aim of this module is to provide students with a solid understanding of the experimental and behavioural methodology. We will examine several areas of economic analysis in which they are applied, including, but not limited to, Finance, Game Theory, Public Finance, Labour Economics, Trade and Development Economics.

Learning outcomes:

By the end of the module students should be able to:

  • Demonstrate a broad and in-depth knowledge of the core areas in behavioural and experimental economics;
  • Critically analyse different experimental designs and formulate them to test specific hypotheses;
  • Justify conclusions using methodological and economic arguments with appropriate rigour.

Method of assessment:

  • 2,000 word essay (20%)
  • Two hour examination (80%)